Help plz i really dont understand it?

carlos martin received a statement form his bank showing a balance of $56.75 as of march15th. his cheackbook shows a blance of $87.37 as of march 20. the bank returned all the cancelled checks but two. one check for $5.00 and the other was for $13.25. how much did carlos deposit in his account between the march 15 and march 20

a. $11.22
b. $48.87
c. $125.87
d. $162.37

b. $48.87

Solution:
March 15 Statement Balance = $56.75
Less Check 1 of $5.00 = $51.75
Less Check 2 of $13.25 = $38.50
Real Balance March 15 = $38.50

Why? Because the unreturned checks mean that they are still a liability to his check book balance. They should be subtracted from the last statement to show the true Net Amount or value in his bank account (and thus his checkbook) on March 15th, which is really $38.50.

Checkbook Balance Mar. 20 = $87.37
Less true or adjusted amount
from Last Statement = ($38.50)
Note; ( ) indicate negative.
Answer = $48.87

Just remember that once you write checks, and they do not show up on your statement and they are not returned to you, they still represent a liability to your checking account. Therefore, they must be subtracted from the March 15 statement balance to determine the "true" balance in the checking account when the March 15th statement was received.

Then, knowing that the checkbook balance for March 20th is $87.37, it is simply a matter of subtracting the "true" balance of $38.50 to determine how much was deposited.

I.e.: $87.37 - $38.50 = $48.87


I hope this is explained well enough so that you understand it now.

You are so very welcome, and thank you for pick this as the best Answe and for the great rating. I enjoyed doing this and helping you in the process.

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